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Kepler Capital Reaffirms Their Buy Rating on Bayer (0P6S)

Tipranks - Fri Mar 6, 7:50PM CST

Kepler Capital analyst Christian Faitz maintained a Buy rating on Bayer on March 4 and set a price target of €53.00. The company’s shares closed last Wednesday at €37.40.

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According to TipRanks, Faitz is a 4-star analyst with an average return of 6.0% and a 50.56% success rate. Faitz covers the Basic Materials sector, focusing on stocks such as AlzChem Group AG, K+S Aktiengesellschaft, and Yara International.

In addition to Kepler Capital , Bayer also received a Buy from Goldman Sachs’s James Quigley in a report issued on March 4. However, yesterday, Deutsche Bank maintained a Hold rating on Bayer (LSE: 0P6S).

Based on Bayer’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €9.66 billion and a GAAP net loss of €963 million. In comparison, last year the company earned a revenue of €9.97 billion and had a GAAP net loss of €4.18 billion

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